SORA Ethereum Merge Plan
This is what will happen in the SORA network during the upcoming merge
With the long-awaited transition by the Ethereum network from Proof-of-work to Proof-of-Stake, we have devised a plan to make sure that any outcome of this “merge” is taken into consideration. As mentioned by Dr. Makoto Takemiya on the SORA Daily update given on the 31st of August, 2022 the likelihood of there being a PoS and a PoW version of the Ethereum network exists, therefore, the HASHI bridge will need to be stopped for a few days, while the merge (or split) happens to avoid uncertainty and block finality issues.
We will upgrade the HASHI bridge smart contracts and while we do so, the SORA network runtime will also be updated, so this will definitely be a very busy time for everyone. The best way to start any project is with a plan, and this upgrade is no different. Here is the proposed plan and timeline for the Ethereum merge and HASHI Bridge upgrade (times are approximate and depend on the timeline provided by the Ethereum network):
1. Shut down of the HASHI bridge (making all functions inaccessible) — Happening 1–2 days before the merge.
- Users on the EVM side (either PoW or PoS) won’t be able to use the bridge.
- Bridge functionality will be disabled on Polkaswap.io
⚠️ Make sure to refresh the Polkaswap page so you are using the latest hash⚠️
2. Wait for the Merge to happen — We will be monitoring the activity closely
- During this time, our smart contracts will be merged with the Ethereum PoS network
3. Restart the bridge after the Ethereum network stabilizes — This will happen a few days after the merge, be patient as this process cannot be rushed.
These three steps are the process we will follow to make sure the merge happens smoothly and users can continue to cross the HASHI bridge into the new version of the Ethereum network (and potentially, a new fork as well). We are standing by for any announcements made by Ethereum or Vitalik himself but in the meantime, you can check the current expected effective date for The Merge here or here (these links have been provided by the Ethereum Foundation, we are not responsible for their accuracy).
In the meantime, the expected date for the Merge is Wednesday Sep 14th, 2022, @21:29:01 UTC, This means:
Paris time (UTC+2): 14th September, 23h29
Tokyo time (UTC+9): 15th September, 06h29
We will provide updates for the exact dates and times that the three steps happen. Stay tuned to the SORA community Telegram and Twitter channels, as well as Dr. Makoto Takemiya’s daily updates for live information.
About SORA, Polkaswap, and Fearless Wallet
SORA is a new economic system aimed at creating a supranational multiverse economic system with built-in tools for decentralized finance (DeFi). The SORA network implements a new way of parachain architecture on Polkadot and Kusama network, with the capability to bridge external blockchains (like Ethereum) to the Polkadot ecosystem.
One of the DeFi applications that will run on the SORA network is Polkaswap, a noncustodial liquidity aggregating, cross-chain AMM DEX designed uniquely for the Polkadot ecosystem with boundless liquidity through its one-of-a-kind Aggregate Liquidity Technology (ALT).
Fearless Wallet is a bespoke mobile wallet designed for the decentralized future on the Polkadot and Kusama ecosystem, with native support for iOS and Android platforms. A premium user experience, fast performance, and secure storage for your accounts. Fearless Wallet will integrate Polkaswap for easy, decentralized swaps of assets.